Forex Bollinger Bands SR V2 Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Bollinger Bands SR V2 Indicator. As the name suggests, the idea behind it is Bollinger Bands. The file name marks it as version 2. In the code it works with moving averages. It can send alerts. It has 18 settings, for example BBDraw Bands (default True), Bands Draw Range (default 100) and Bands Shift (default 0). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 2 indicator files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v2 · Free
About Forex Bollinger Bands SR V2 Indicator
Forex Bollinger Bands SR V2 Indicator is an indicator for MetaTrader 4 based on Moving Average. It can alert you with a pop-up, sound, email or push message. It has 18 settings, such as Bb draw bands, Bands draw range and Bands shift. MQL source code included.
Files in the download: BandsR2a.ex4, BandsR2a.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Bb draw bands | True | |
| Bands draw range | 100 | |
| Bands shift | 0 | Bar shift (0 = current bar) |
| Bands deviations | 2.0 | |
| Bands alert box on | False | Turn this alert on or off |
| Band sound alert high on | True | Turn this alert on or off |
| Band sound alert low on | True | Turn this alert on or off |
| Wave band name | bandup.wav | |
| Wave band name2 | banddown.wav | |
| Bb alarm delay | 22 | |
| Bb candle alert range | 2 | Turn this alert on or off |
| Bands ma period | 7 | Period or timeframe used by the calculation |
| Bb moving average | 0 | |
| Bb moving average settings | 0-SMA,1-EMA,2-SMMA,3-LWMA | simple, exponential, smoothed , linear |
| Bb applied price | 0 | |
| Bb applied price settings1 | 0-Close,1-Open,2-High,3-Low | |
| Bb applied price settings2 | 4-Median,5-Typical,6-Weighted | |
| Bb time |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Bollinger Bands · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code